Prepare Comparative Statement of Profit and Loss of Gem Ltd. from the following Revenue from Operations ₹ 20,00,000
Prepare Comparative Statement of Profit and Loss of Gem Ltd. from the following:
| Particulars | 2023 | 2022 |
| Revenue from Operations | 20,00,000 | 15,00,000 |
| Other Income | 10,00,000 | 4,00,000 |
| Expenses | 21,00,000 | 15,00,000 |
Rate of Income tax was 50%.
[Ans. Profit after Tax : 2022 ₹ 2,00,000; 2023 ₹ 4,50,000.]
Percentage (%) Change in
| Revenue from Operations | 33.33 |
| Other Income | 150.00 |
| Total Income | 57.89 |
| Expenses | 40.00 |
| Profit before and after Tax | 125.00 |
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